Procedure for notification of an affordable housing project as a specified business under section 46(11)(d)(vii) and a semiconductor wafer fabrication manufacturing unit as a specified business under section 46(11)(d)(xiii)

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....emiconductor wafer fabrication manufacturing unit (herein referred to as "the unit") as a specified business under section 46(11)(d)(xiii), in Form No. 19. (2) The notification mentioned in sub-rule (1) shall be in accordance in with the following procedure,:-- (a) the person shall apply for notification of the project or the unit in Form No. 18 or Form No. 19, as the case may be, to Member (IT), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, New Delhi; (b) if any defect is noticed in the application or if any relevant document, as required is not attached, a deficiency letter may be served on the applicant; (c) the applicant shall remove the deficiency within one month from the end ....

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....pplication or withdrawing the approval or cancellation of the notification, were to be passed; and (j) a copy of order mentioned in clause (i) shall be communicated to the applicant as well as the Assessing Officer and the Commissioner having jurisdiction over the applicant; (3) The applicant mentioned in sub-rule (1) shall maintain separate books of account with complete details of all capital expenditure incurred during the tax year for which it intends to claim the said deduction under section 46 and shall file the relevant income-tax returns by the due date to avail the tax benefit under the said section. (4) A project notified under section 46(11)(d)(vii) or a unit notified under section 46(11)(d)(xiii), as the case may ....

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....of five years from the end of the tax year in which the project is sanctioned by the competent authority mentioned in clause (a). (6) A unit shall be considered for notification under section 46(11)(d)(xiii), if it fulfils the following conditions:-- (a) the unit shall be exclusively for the manufacture of semiconductor wafer fabrications; (b) the unit shall have prior approval of the competent authority on the recommendations of Appraisal Committee under the Modified Special Incentive Package Scheme notified by the Department of Electronics and Information Technology, Ministry of Communications and Information Technology, Government of India; (c) the date of commencement of operations, being the date on which ....

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....ect; (e) "rentable area" means the carpet area at any floor level, including the carpet area of kitchen, pantry, store, lavatory, bathroom, 50% of unglazed verandah and 100% of glazed verandah, in accordance with the provisions of the Indian Standard - Method of Measurement of Plinth, Carpet and rentable Areas of Buildings, IS 3861:2002, formulated and published by the Bureau of Indian Standards; (f) "specified cities" mean- (i) the urban agglomerations comprising of the area included on the basis of the latest census, of Greater Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad; (ii) the districts of Faridabad, Gurgaon, Gautham Budh Nagar, Ghaziabad, Gandhinagar; and (iii) the cit....